21:55:20 EDT Wed 27 May 2026
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Realia clarifies amount to be received from asset sale

2026-05-27 20:03 ET - News Release

Mr. Eric Fazilleau reports

REALIA PROPERTIES INC. CLARIFIES THE PROPOSED SALE OF REAL ESTATE ASSETS

Realia Properties Inc. has clarified the nature of the proposed transaction and the consideration to be received by the company in connection with the proposed sale of its interest in the real estate assets, as previously disclosed in the company's news release dated Feb. 6, 2026.

The company clarifies that the Metro Gateway Centre and Martin Downs Town Centre assets are being sold in consideration of $26-million (U.S.), subject to the terms and conditions of the transaction. Of that amount, the company is entitled to approximately $6.50-million (U.S.), reflecting its 25.01-per-cent beneficial ownership of those assets.

Completion of the proposed sale is conditional upon, among other things, the purchaser completing due diligence investigations to its satisfaction, and the company receiving all required prior approvals from its lenders, shareholders and the TSX Venture Exchange. There is no assurance nor guarantee that the company will complete the proposed sale as described or at all.

The company will provide further updates as they become available.

About Realia Properties Inc.

Realia is a real estate issuer which currently holds the following assets:

  • A 25.01-per-cent beneficial interest in Martin Downs Town Center, a 36,252-square-foot retail shopping centre, located in Palm City, Fla.; and
  • A 25.01-per-cent beneficial interest in Metro Gateway Shopping Center, a 64,793-square-foot retail shopping centre, located in Phoenix, Ariz.

The company has entered into an agreement with respect to the proposed sale of such assets (see above). There is no assurance nor guarantee that such sale will be completed on the terms/conditions described above or at all.

We seek Safe Harbor.

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